(Last year, Variety reported that Borchetta was "not inclined to surrender what may be the company's biggest single asset: Swift's masters," as Big Machine "derived as much 80% of its revenue from Swift's music in recent years." After negotiations with Big Machine, Swift walked away without her masters and signed with Universal.) In a scathing Tumblr post, Swift expressed anger and disappointment - more specifically, she was "grossed out" - that Braun was now the owner of Big Machine, and by extension, the owner of the masters (the rights to her songs) from her first six albums. ![]() ![]() I've written her some very big checks," he told Rolling Stone in 2009) that lasted until this past November, when Swift's contract expired and she decided to leave Big Machine to sign a deal with Universal Music Group.Ī: We've never seen a statement from Swift quite like the one she released Sunday. As Swift's career took off into the stratosphere, she and Borchetta had a very lucrative partnership ("Taylor and I made an aggressive deal on the back end. The founder of BMLG is Scott Borchetta, who is famous for signing Swift to his independent label in 2005, when she was an unknown teenage country singer. It's also the former home of Taylor Swift. ![]() A: On Sunday morning, news broke that powerful talent manager Scooter Braun had signed a reported $300 million deal to purchase the Nashville, Tennessee-based Big Machine Label Group, whose current roster includes Florida Georgia Line, Lady Antebellum, Rascal Flatts, Reba McEntire and more.
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